Business
Silver47 Unveils Plans for Aggressive Drill Program Across the Eastern Extension of the Prolific Tonopah Mining District, Hughes Project, Nevada
Drilling to begin with a fence of holes at the Ruby discovery in pursuit of the main high-grade s...
About this update from Silver47 Exploration Corp
[{"type":"text","content":"Silver47 Unveils Plans for Aggressive Drill Program Across the Eastern Extension of the Prolific Tonopah Mining District, Hughes Project, NevadaDrilling to begin with a fence of holes at the Ruby discovery in pursuit of the main high-grade structureVancouver, British Columbia--(Newsfile Corp. - March 2, 2026) - Silver47 Exploration (TSXV: AGA) (OTCQX: AAGAF) (\"Silver47\" or the \"Company\") is pleased to announce plans for the upcoming drill program across the highly-prospective eastern extension of the Tonopah Mining district at the Hughes Project near Tonopah, Nevada (the \"Hughes Project\").Key Highlights:Aggressive Eastern Drill Campaign: Minimum 7,000 meters of drilling planned across the highly prospective eastern extension of the prolific Tonopah Mining District (Nevada's second-largest historic silver producer), targeting the Ruby, Sapphire, and Emerald discoveries 1.3–4+ km east of the historic district edge. Building on High-Grade Success at Ruby: Follow-up drilling targets standout prior results including 1,450 g/t AgEq* (8.41 g/t Au, 813 g/t Ag) over 3.0 m in SUM23-59. The intercept, from a new vein and a major 1.5 km step-out east of the historic Tonopah district edge, remains open and highlights strong potential for a significant high-grade system nearby. Pursuing the \"Main Structure\": Drilling starts with a fence of angled holes at the Ruby discovery designed to intercept the primary mineralized structure. This builds directly on multiple mineralized veins encountered to date, plus widespread and intense hydrothermal alteration seen in all holes.Drilling Scheduled for March: The program will use RC pre-collars to advance through the upper sections followed by diamond core tails through the prospective target zones, and with well over $50 million in working capital, the Company can adjust or expand the scope based on initial results. * g/t = grams per tonne; Silver equivalent is calculated using US$20/oz Ag, US$1,800/oz Au with metallurgical recoveries of Ag – 90%, Au – 95%. AgEq = (Ag grade x Ag recovery)+((Au grade x Au recovery) x (Au price / Ag price)).Galen McNamara, CEO, stated: \"Since we first drilled the Ruby target in 2020, our technical team has believed this is one of the best high-grade silver-gold discovery opportunities in Nevada. The holes drilled to date in the eas...